Yapstone’s Pete Rowan speaking at the announcement of a €48m investment in Drogheda in November 2017. On left are Sanjay Saraf, EVP Chief Technology Officer (US), Tom Villante, YapStone Co-Founder and CEO and former Tanaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald T.D.
Since the international payments company YapStone established its European Headquarters in Drogheda a couple of years ago it has been to the fore in a movement that is setting Drogheda on course to become a major player in the global high tech industry.
So happy is the company with their decision to establish in Drogheda that they are predicting great things for the future of the tech sector locally and are even daring to suggest that Drogheda could become a bustling tech hub.
Over the next five years, YapStone is making a significant investment to hire and develop a world-class team of technology professionals at its Drogheda office. Their mission is to tap Irish talent to develop best-in-class payments technology and create world-class engineers along the way.
“At YapStone, we are very aware that establishing ourselves in Drogheda will start a domino effect and that tech history will repeat itself,” says Senior Director of Software Development, Bill Clements.
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“Engineers that work with us will receive firsthand experience in leading edge technology development, such as cloud deployment.”
“Having these tools at their disposal will cause Drogheda-based technologists to join an elite talent pool and YapStone believes they will be the pioneers of the next Irish tech revolution.”
What made you choose Drogheda? We asked Peter Rowan the company’s EVP of International & Global Customer Support.
He told us that the decision was in keeping with the company ethos of not being positioned in the heart of a big city, but rather on the fringe (Walnut Creek, California vs. Downtown San Francisco).
Other considerations were IDA support in identifying suitable locations and the availability of talent in the locality. “Drogheda has a very rich talent pool and is uniquely positioned between Belfast and Dublin to attract this talent to local companies such as YapStone" Rowan said. "We are fortunate that a number of multi-lingual employees choose to live and work in the area."
"As a global company, locating our technology hub in a time zone that works with both our US and European customers today, and will enable us to support the middle and Far East as we continue to grow. This presents a significant competitive advantage to YapStone in expanding our global footprint."
Yapstone started off with just 10 employees in Drogheda but that number has quickly risen to its current level of 105 full time employees and they are recruiting at the moment for a number of roles. – see http://www.yapstone.com/careers/open-positions/
"While our recruiting for Software Engineers has only just begun, the very common feedback we have received from the candidates we have talked to is that the commute is much better than what they are currently experiencing” says Bill Clements.
“For some, this is because they live in Drogheda and have been commuting into Dublin; for others living in Dublin commuting to Drogheda means going against traffic instead of being stuck in it.
"YapStone in Drogheda is a very compelling story to those in technology once they hear what we are doing - which is why I am so excited to be here. We have the backing of a historically profitable and mature company and local infrastructure of a 100+ office, but the creative opportunities that come from building brand new technology teams that that will fully own (design, develop, deliver, and support) new capabilities as if we were a startup.”